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November 17th 2009:Getting Rich When Everyone around You Goes Broke

Kevin Duffy and Bill Laggner earned a 100+% return in 2008 when everyone else was going broke. How did they do it? They applied their knowledge of Austrian economics to get them on the short side of the markets before they crashed, following the Lehman Brothers failure in September of 2008. Their staunch deflationist views proved exactly right in 2008, but what about now? Are they still betting on inflation or do they see the possibility of our fiat money scam system turning into hyperinflation? What do they think about gold, the dollar, stocks and bonds? Given their views, what should investo

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Featured Guests

Kevin Duffy

evin Duffy entered the investing business in 1985 as an analyst and also as a strategist. He co-founded a money management firm in 1988 after the ’87 crash and cut his short selling teeth during the late ‘90s tech bubble. After the bubble burst, he co-founded Bearing Asset Management in 2002. Bearing warned about the housing and credit bubble of 2005-07, shorting stocks such as New Century Financial, Bear Stearns, Lehman Brothers, MBIA, Countrywide Financial, Wachovia, and Citigroup. Kevin wrote extensively on the subject, including articles, "Alan, We Have a Problem," "Mr. Mozilo Goes to Washington," and "Honey, I Shrunk the Net Worth." The firm’s two long/short hedge funds profited fro

Bill Laggner

Bill Laggner went into the investment industry in the late 1980s, initially as a stockbroker; then moved to the buy side at Fidelity Investments out of Houston, TX. Kevin Duffy and Bill Laggner are the brains behind the Bearing Fund. Bill met Kevin in the ’90s and both cut their investing teeth on the short side of the tech bubble markets which imploded in 2000. Bearing Asset Management was formed in 2002. Bearing created the “Bearing Credit Bubble Index" in 2003, which identified the credit enablers of the biggest private sector bubble over the last 100 years. This allowed Bearing Fund to capitalize on the unwind of the last bubble while positioning the fund for the third and final bubble,